By: Cydney Posner

Some more rumors about the new SEC executive compensation proposal: Compensationstandards.com speculates, in addition to the information appearing in the WSJ yesterday, that the proposal will include a separate table for deferred compensation arrangements and that, among other things, company contributions to deferral accounts, if any, and earnings on deferred amounts will have to be disclosed. With respect to the rumored reduction of the perk disclosure threshold from $50,000 to $10,000, the site suggests that, if the current 25% threshold is retained for itemized disclosure, then any perquisite with a value in excess of $2,500 would have to be specifically identified, perhaps leading more companies to use tabular disclosure for this item. The site also suggests that the proposal will address personal use of corporate aircraft, possibly through interpretive guidance that might be effective immediately. Executive retirement benefits would be the subject of another new table, which would include the annual increase in an NEO's retirement benefits, determined on an actuarial basis. Finally, the site reports the rumor that the proposal will require the CFO to be treated as a mandatory NEO (as the CEO is now), raising the question of whether the SEC will expand the NEO group to six (the CEO, the CFO and the four other most highly compensated executive officers).

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